AZG Solutions
ActiveThe computed 12-month bankruptcy probability of AZG Solutions is 2.5% (moderate). The 2024 annual accounts show equity of €40k and a net result of €9k. Equity is growing by ~28.2% per year across the filed fiscal years. Its solvency ranks better than 30% of 9981 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability75▲+5
Solvency47▲+17
Growth52=
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.93 against 1.04 in 2023; short-term debt: 77.6% and cash: 21.1% of total assets), and 77.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
22.4%
Return on assets
4.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
65 d late
2022
123 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€40k▲ 27.3%
2023 · €31k
2022: €22k
2023: €31k
2022 → 2024
Total assets
€178k▼ 71.7%
2023 · €631k
2022: €108k
2023: €631k
2022 → 2024
Net result
€9k▲ 39.1%
2023 · €6k
2022: €22k
2023: €6k
2022 → 2024
Working capital
€-10k
2023 · €22k
2022: €40k
2023: €22k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€22k-€31k▲ 41.2%€40k▲ 27.3%
Operating result€28k-€8k▼ 71.7%€9k▲ 20.2%
Net result€22k-€6k▼ 72.3%€9k▲ 39.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 20% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €178k
Fixed assets
€50k▲ 425%
Current assets
€128k▼ 79.3%
Equity and liabilities €178k
Equity
€40k▲ 27.3%
Debt
€138k▼ 76.9%
The debt ratio falls from 95.0% to 77.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16k▲
2023 · €15k
Cash flow
€15k▲
2023 · €14k
Solvency
22.4%▲
2023 · 5.0%
Current ratio
0.93▼
2023 · 1.04
Quick ratio
0.93▼
2023 · 1.04
Debt / equity
3.47▼
2023 · 19.11
ROE
21.4%▲
2023 · 19.6%
ROA
4.8%▲
2023 · 1.0%
Interest coverage
18.19▼
2023 · 253.95
Debt
€138k▼
2023 · €599k
Debt ≤ 1 year
€138k▼
2023 · €599k
Income taxes
€2k▲
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€631k€178k▼
Fixed assets21/28€9k€50k▲
Tangible fixed assets22/27€9k€50k▲
Land and buildings22-€46k
Furniture and vehicles24€9k€4k▼
Current assets29/58€621k€128k▼
Amounts receivable within one year40/41€512k€50k▼
Trade receivables40€502k€50k▼
Other amounts receivable41€11k-
Cash at bank and in hand54/58€109k€38k▼
Deferred charges and accrued income490/1-€41k
Equity and liabilities
Total equity and liabilities10/49€631k€178k▼
Equity10/15€31k€40k▲
Contributions10/11€3k€3k=
Outside capital11€3k€3k=
Other1109/19€3k€3k=
Profit (loss) carried forward14€28k€37k▲
Amounts payable17/49€599k€138k▼
Amounts payable within one year42/48€599k€138k▼
Trade debts44€317k€53k▼
Suppliers440/4€317k€53k▼
Advances received on contracts in progress46€216k€52k▼
Taxes, remuneration and social security45€7k€2k▼
Taxes450/3€7k€2k▼
Other amounts payable47/48€59k€31k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€16k€17k▲
Operating profit (loss)9901€8k€9k▲
Financial income75/76B€13€2k▲
Recurring financial income75€13€2k▲
Financial charges65/66B€60€891▲
Recurring financial charges65€60€891▲
Profit (loss) for the period before taxes9903€8k€11k▲
Income taxes67/77€2k€2k▲
Profit (loss) for the period9904€6k€9k▲
Profit (loss) for the period to be appropriated9905€6k€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€28k€37k▲
Profit (loss) brought forward from the previous period14P€22k€28k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
31-12
Financial
Weakest financial yearnet €6k ▼72.3%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
01-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 123 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Spoorweglaan 1272610 AntwerpenGround area
354 m²
Building footprint
132 m²
Volume, LiDAR
1,032 m³
Parcel 11051C0218/00B006, Flanders · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
AZG Solutions
since 20222.332.540.885
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11051C0218/00B006 | Flanders | 354 m² | 1 · 132 m² | 9.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 12,852 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-05-2022
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43211General electrical installation work
43221Plumbing work
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.